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HCM City rental market continues slump

 Many investors in HCM City are struggling to rent their apartments as the market continues its tepid streak that began in early 2016, according to the Dau Tu (Vietnam Investment Review) newspaper.

Nearly 60 institutions gather in Int’l Higher Education Day

 The Vietnam International Education Development (VIED) at the Ministry of Education and Training held the International Higher Education Day in Vietnam 2017 in HCM City on April 9, gathering 58 education institutions worldwide.

ASEAN finance ministers commit to promoting economic growth

 Finance ministers and central bank governors of the Association of Southeast Asian Nations (ASEAN) have agreed to promote economic growth and financial integration, and strengthen financial stability in the region. 

Investors look to global growth for earnings power

America First may be a main policy of the White House and fuel to the stock market rally but U.S. investors are looking overseas for stronger earnings as S&P 500 companies are set to report their first quarter of double-digit profit gains

Vietnam settles East Sea disputes by peaceful measures

 Spokesperson of the Foreign Ministry Le Thi Thu Hang on April 9 stressed Vietnam’s consistent stance on settling disputes in the East Sea by peaceful measures in line with international law.

Sweden sees Vietnam as important partner in ASEAN: official

 Sweden considers Vietnam as an important partner in Southeast Asia and in ASEAN, State Secretary of the Swedish Ministry for Foreign Affairs Annika Soder told Vietnamese Deputy Foreign Minister Bui Thanh Son. 

Vietnamese, Lao front agencies boost cooperation

The VFF Central Committee and the Lao Front for National Construction Central Committee have agreed to foster future bilateral coordination, specially in raising public awareness of the significance of the Vietnam-Laos special relations.  

Vietnam's NA Chairwoman begins Hungary visit

 Chairwoman of the National Assembly Nguyen Thi Kim Ngan arrived at Budapest International Airport in Budapest at 17:00 pm of  April 8 (local time) for an official visit to Hungary through April 11.

The hidden rich - who are they?

VietNamNet Bridge - Forbes has recognized two Vietnamese dollar billionaires, while Knight Frank’s 2016 report says Vietnam has 14,300 millionaires with assets of over $1 million.

Atomic energy generating billions of USD

VietNamNet Bridge - Radiation and radioactive isotope applications have helped Vietnam produce more high-yield rice varieties resistant to pests and diseases, while new technologies have helped diagnose and treat critical diseases. 

VND0 takeover or bankruptcy?

Acquiring weak banks at VND0 is adopted on the draft law on supporting the restructuring of credit institutions and non-performing loan settlement. However, buying at the price of VND0 or letting poorly performing banks go bankrupt remains a dilemma.

Social News 9/4

 VNA, Kyodo News enjoy fruitful partnership, Efforts to improve Khmer people’s living conditions, Quang Tri beach tourism recovers from environmental incident, Binh Tay Market recognized as a city-level relic

V.League referee, assistant out of work because of mistakes

 Referee Tran Xuan Nguyen and his assistant Pham Phu Hung have been sidelined due to mistakes made during a V.League match between Hoang Anh Gia Lai and FLC Thanh Hoa on Saturday.

Vietnam should not aim to become industrial power: economist

Vietnam should not continue to try to become an industrial power and instead should shift to developing agriculture and tourism, according to economist Le Xuan Nghia,  head of the Business Development Institute (BDI).

HCM ty steps up fight against amphetamine-type stimulants

 HCM City People’s Committee has instructed departments and other agencies to take measures to reduce the recreational use of amphetamine-type stimulants (ATS) among local residents.

$13.2 million to upgrade National Highway 22B

 The Ministry of Transport has approved a plan to upgrade an 80-km section of National Highway 22B in the southeastern province of Tay Ninh, according to the province’s Department of Transport.

U15 football team convenes for AFF football event

 The national U15 girls’ team convened in Hanoi on April 7 to prepare for the upcoming 2017 ASEAN Football Federation (AFF) U15 Girls Football Championship.

BUSINESS IN BRIEF 9/4

 Hanoi encouraged to create more attractive tourism products, Industrial salt import limited to 102,000 tonnes, Price spike sparks tra fish farming rush, Transport Ministry halts equitization of five entities

Paraguay hopes to expand trade links with Vietnam

Paraguay wishes to further promote trade links with Vietnam, Ambassador Luis Fernando Avalo told Vietnamese Ambassador to Argentina and Paraguay Nguyen Dinh Thao at a meeting in Asuncion on April 7.

ASEAN, Mercosur bolster cooperation

 Singaporean Foreign Minister Vivian Balakrishnan discussed measures to enhance cooperation between ASEAN and Southern Common Market (Mercosur) with his Argentine counterpart Susana Malcorra on April 7.